Korea Investment CORP Has $10.05 Million Stock Holdings in Jabil Inc. (NYSE:JBL)

Korea Investment CORP trimmed its holdings in shares of Jabil Inc. (NYSE:JBL) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 69,867 shares of the technology company’s stock after selling 9,200 shares during the period. Korea Investment CORP owned approximately 0.06% of Jabil worth $10,054,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new stake in shares of Jabil in the 4th quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new position in Jabil during the 4th quarter valued at about $29,000. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at about $37,000. First Horizon Advisors Inc. grew its stake in Jabil by 90.3% during the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Jabil by 113.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the technology company’s stock worth $43,000 after buying an additional 158 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $162.27, for a total transaction of $551,718.00. Following the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This trade represents a 20.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares of the company’s stock, valued at $1,018,045. The trade was a 89.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock valued at $12,804,458 in the last 90 days. 1.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on JBL. JPMorgan Chase & Co. increased their price target on Jabil from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Barclays increased their target price on Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, March 21st. UBS Group lifted their price target on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of Jabil from a “hold” rating to a “buy” rating in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.50.

Jabil Price Performance

Jabil stock opened at $136.22 on Tuesday. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.65 and a beta of 1.19. Jabil Inc. has a 12-month low of $95.85 and a 12-month high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business’s 50-day simple moving average is $153.92 and its 200 day simple moving average is $140.07.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.83 by $0.11. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the company earned $1.68 EPS. Jabil’s revenue was down .6% on a year-over-year basis. As a group, research analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. The ex-dividend date was Tuesday, February 18th. Jabil’s payout ratio is 7.66%.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).